The annual meeting of the 3rd Summer Davos Forum, which opened Sept. 10 (Thursday) in the port city of Dalian, Liaoning Province, Northeast China, has captured the attention of the world. African countries experiencing feelings toward China fraternal, have sent several delegations to participate in the important forum. The Egyptian Minister of Investment Mahmoud Mohieddin and the Mayor of Cape Town, legislative capital of South Africa, Dan Plato were respectively given an interview to reporters before their departure to Beijing to Dalian. They said that one of the main objectives of this visit to China is to give useful information to potential investors, to make the search for cooperation opportunities and attract more Chinese enterprises to which ‘they invest in Africa. Mei Xinyu, a research assistant at the Institute of International Trade and Economic Cooperation of the Chinese Ministry of Commerce, said the 10 common view of all the Chinese investment in Africa allow both parties to be winners both..

Despite the effects of the global financial crisis, the latest data published by the Chinese Ministry of Commerce show that the economic and trade cooperation between China and Africa has continued to maintain its growth of general development in the first half of the year 2010: amount of direct investment from China in Africa has exceeded 500 million U.S. dollars, an increase of 81% compared to last year, the volume of China-Africa trade has decreased by 30.5% compared to 2008 down to 37.07 billion U.S. dollars, but compared to traditional trading partners of Africa, the decline in trade volume between China and Africa is rather mild and moderate. According to a report in the British magazine The Economist, China has replaced France to become the largest trading partner of African countries south of Sahara.

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